US Liner Co., a Cranberry Township, Penn.-based maker of thermoplastic composite solutions, has received a minority equity investment from Sverica International. No financial terms were disclosed.
Sverica International has acquired a minority stake in US Liner Company (“USLCO”), a Division of American Made, LLC. USLCO is an innovative, industry leading manufacturer of thermoplastic composite solutions for a broad range of applications. Primary industries served include the truck trailer, rail transport, intermodal shipping container and recreational vehicle (RV) markets.
USLCO proprietary manufacturing process combines continuous glass fibers with tough, corrosion- and moisture-resistant polypropylene, in multilayer laminated structures creating a new class of versatile sheet thermoplastic composite materials.
Starting in late 1990s with Bulitex® and today with its next generation thermoplastic Versitex®, USLCO has changed the way industries have used traditional materials such as wood, steel, aluminum and FRP by providing better physical and mechanical properties at an attractive price point.
David Finley, Managing Director at Sverica International, commented: “We at Sverica are very excited about the relationship with US Liner. Mike LaRocco has built a great company and we are confident that together we can capture the tremendous opportunity represented by US Liner’s Versitex product. US Liner has established strong positions in key transportation markets that will continue to benefit as the economy recovers. By fully exploiting those current markets and selectively expanding into new ones where the Versitex value proposition is highly compelling, US Liner has a bright future in front of it.”
Mike LaRocco, Founder/CEO of US Liner, added “We’re not only surviving through very difficult global economic conditions, but are actually growing market share because we simply developed a better mousetrap. With Sverica behind us, we now can continue to serve and grow our existing customer base, but also expand our reach to new, untapped industries that will benefit from Versitex. USLCO is stronger and poised to deliver excellence in every facet of our business.”
About US Liner Company
Headquartered near Pittsburgh, in Cranberry Township, PA, U.S. Liner Company is a division of American Made, LLC, which was founded by Michael LaRocco in 1983. Since 1998, the company has been a leading supplier of composite materials that are widely used in the truck/trailer market and supports an ever-widening range of applications in the automotive, RV, refrigerated rail, intermodal transportation, building products, and military markets. For more information, please visit www.uslco.com
About Sverica International
Sverica International is a leading private equity firm with over $425 million of assets under management across three funds. The firm acquires, invests in and actively builds companies that are or could become leaders in their industries. Since 1993, Sverica has maintained a “high touch” operating philosophy of taking an active role in portfolio companies. Sverica devotes significant internal resources to help its management teams develop and execute growth strategies. For more information, please visit www.sverica.com